The troubled Flood Insurance program is billions of dollars in debt and the Biggert-Waters Act, designed as it was by the Insurance Industry for the sole benefit of the insurance industry guarantees that the billions of dollars in wind claims private insurers such as State Farm dumped on the NFIP after Hurricane Katrina will be repaid by the NFIP ratepayers instead of the large companies that socialized their contractual obligations under their insurance policies that dumped them on the US Treasury. Unfortunately the people of this area were sold out to the insurance industry by our own politicians, who now claim ignorance of the impacts of the bill upon which they voted Aye.

In related news Alpert checked in yesterday with a report on the FEMA pilot program on adjusting flood maps to give credit for locally built, non-accredited levees. This seems a risky proposition to me due to the fact ongoing maintenance of these systems has been historically neglected plus filling in marshlands for development is bad for the environment. What this area needs is smarter development that does not impact or alter the floodplain, not more levees.

D’IBERVILLE — City officials expected Ocean Expo Aquarium to be built and open by now and ticket prices to cover the cost of repaying the bond to purchase the land.

Instead the city may have to make the initial $318,668 payment — due in September — out of the general fund.

A visit to EMMA has been scheduled to do some digging into the official statement.

Additional Ocean Expo:
Can anyone provide information on the contract for site work at the Ocean Expo site?

IMMS solicited bids for “site preparation Phase 1″; the Daily Journal Of Commerce Gulf Coast (see page 17) reported that a local firm by the name of SH Anthony was among the plan holders. Bids were due on August 9, 2012. Was a contract let? Or was this the work that Harrison County did? (See Sun Herald article).

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